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Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Bullboard Posts
Comment by Kidlapikon Oct 06, 2014 11:44am
61 Views
Post# 23002174

RE:RE:RE:RE:RE:RE:RE:Rights Trading Sept 6th?

RE:RE:RE:RE:RE:RE:RE:Rights Trading Sept 6th?IMO KDI has been over-valued since those results were released last july/august and it had that huge uptick. over $100-mil market value on such small results? Incredibly risky to think those results would hold up over the much larger samples required to get an economic assessment. I believe it is a result of it being so close to MPV and the "safe"diamond development area of NWT.

Still lots of potential at KDI but at a $140-mil market value even after the slip? The risk to reward is just not enough to peek my interest. MPV sitting at $600-mil market value, SWY was around $450-mil last time I checked and DDC around $1.3bil.

Good point with the low liquidity, same thing with PGD really. You generally have to sell down to sell at all right now, sometimes when news releases happen there is a buy up but historically that would get quashed by a sell down by Dundee. Will be interesting to see how this trades, specifically after the news release confirming the increase after this years drill program.
Bullboard Posts